Here is a snapshot of one of our bread and butter intraday trading techniques: the “Snapping Turtle” technique which in Coca Cola (symbol: KO) turned in another reliable trade as the market melted up today. Chart 1 reflects the situation at the moment of entry. Our analysis suggested that if price were to move thru support at 45.30, KO would enter the “green zone” and offer a burst of gains
Chart 2 shows in fact that we got the move we were prepared for,and we cashed a nice gain in fairly short order, earning $3.67 for each dollar risked
